# 1 bedroom apartment for sale (M1 7AB)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 14, VELVET COURT, GRANBY ROW, MANCHESTER, GREATER MANCHESTER M1 7AB |
| Price | £140,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1991-1995 |
| Floor area | 38 m² |
| Last sold | £120,000 Dec 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 06/11/2032
- **Est. upgrade cost to C:** £1,000

### Recommendations
- L2 (£800 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7732-0829-7209-0033-1202)

## Description

"**Fully Managed M1 Manchester City Centre Apartment – 7% Rental Yields | Turnkey Investment Opportunity**

This modern residential opportunity delivers stylish apartments and quality resident facilities in a fast-evolving city centre district, in the heart of Manchester's commercial core.

With strong tenant appeal, high-spec interiors, and a strategic location close to the major Northern Quarter & Piccadilly regeneration zone and the city’s main business district, this development offers a compelling opportunity to invest in premium property with 7%+ projected returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This city-fringe investment opportunity provides direct access to a growing rental hotspot on the edge of Manchester’s central business and retail districts.

Designed for strong, sustainable demand from young professionals and students, the combination of high-quality spec, professional management, and strong projected returns make it well suited to investors seeking a hands-off, income-focused asset.

The Location

Located within walking distance of Manchester's main business district, Manchester's core shopping areas including the Arndale and the Northern Quarter independents, and Manchester Cathedral and Piccadilly Gardens, the development sits in an area undergoing rapid transformation.

Its proximity to the Northern Quarter & Piccadilly regeneration zone also brings ongoing improvements to local amenities, public realm, and employment options, supporting both rental demand and long-term capital growth potential.

The Apartments

A choice of contemporary layouts is available, from efficient studios to well-balanced one and two-bedroom apartments. 

Interiors are designed around flexible living, with defined zones for cooking, dining, and relaxing, plus smart storage that make the most of every square foot.

The Development

The apartments form part of a well-presented residential block designed to offer convenience, security, and comfort just outside the busiest part of the city centre.

Efficient building systems, managed communal areas, and a professional management structure help support lasting tenant satisfaction and therefore rental performance.

Key onsite facilities include:

Secure entry system and monitored communal areasLift access serving all main residential levelsWell-maintained corridors and lobby spacesDedicated bicycle storage

Why Invest?

7%+ projected rental returns in a growing district on the city centre edgeStrong appeal to young professionals and students seeking modern, well-located apartmentsNorthern Quarter & Piccadilly regeneration zone - major ongoing investment hubFully hands-off structure with professional management for the day-to-day availableContemporary, high-spec apartments in a quality building offering resilient, long-term rental demand

Enquire now to secure your unit and receive a full investment breakdown."

## Property Photos

- ![Photo](/listings/photos/89118090/595574)
- ![Photo](/listings/photos/89118090/595575)
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- ![Photo](/listings/photos/89118090/595578)
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- ![Photo](/listings/photos/89118090/595581)
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- ![Photo](/listings/photos/89118090/595589)

## Floorplans

- ![Floorplan 1](/listings/photos/89118090/595595) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| VELVET COURT APARTMENT 14 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £120,000 | 18/12/2025 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CARDING BUILDING, 42 FLAT 406 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £230,000 | 16/12/2025 | Flat |
| VELVET HOUSE, 60 APARTMENT 22 SACKVILLE STREET, MANCHESTER, GREATER MANCHESTER, M1 3WE | £166,500 | 28/11/2025 | Flat |
| 55 - 57 APARTMENT 8 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NT | £263,000 | 14/08/2025 | Flat |
| 55 - 57 APARTMENT 38 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NT | £315,750 | 25/06/2025 | Flat |
| SACKVILLE PLACE FLAT 19 BOMBAY STREET, MANCHESTER, GREATER MANCHESTER, M1 7AT | £180,000 | 14/03/2025 | Flat |
| VELVET COURT APARTMENT 3 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £206,500 | 23/01/2025 | Flat |
| CARDING BUILDING, 42 FLAT 304 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £360,000 | 20/12/2024 | Flat |
| CARDING BUILDING, 42 FLAT 903 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AT | £380,000 | 07/11/2024 | Flat |
| VELVET COURT APARTMENT 55 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £178,000 | 21/12/2023 | Flat |
| SACKVILLE PLACE FLAT 25 BOMBAY STREET, MANCHESTER, GREATER MANCHESTER, M1 7AT | £250,000 | 08/11/2023 | Flat |
| WHITWORTH HOUSE, 53 FLAT 25 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3WS | £237,500 | 13/10/2023 | Flat |
| VENICE COURT APARTMENT 28 SAMUEL OGDEN STREET, MANCHESTER, GREATER MANCHESTER, M1 7AX | £116,000 | 29/09/2023 | Flat |
| CARDING BUILDING, 42 FLAT 505 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £375,000 | 13/09/2023 | Flat |
| CITY HEIGHTS, 1 APARTMENT 25 SAMUEL OGDEN STREET, MANCHESTER, GREATER MANCHESTER, M1 7AX | £380,000 | 08/09/2023 | Flat |
| CALICO BUILDING, 46 FLAT 502 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AX | £375,000 | 06/09/2023 | Flat |
| BOMBAY HOUSE, 59 FLAT 20 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AB | £475,000 | 04/09/2023 | Flat |
| VELVET COURT APARTMENT 41 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £180,000 | 30/06/2023 | Flat |
| REGENCY HOUSE, 36 - 38 FLAT 1 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NR | £223,000 | 09/05/2023 | Flat |
| 115 FLAT 403 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6JB | £199,950 | 17/03/2023 | Flat |
| CALICO BUILDING, 46 FLAT 203 WHITWORTH STREET, MANCHESTER, BOLTON, GREATER MANCHESTER, M1 3AX | £354,000 | 10/02/2023 | Flat |

**Area average:** £272,260 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £291,831 (53 Flat, M1, 2024–2026)
- **Deviation:** -52%

## Rental Range

*ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,214/mo
- **Realistic:** £1,349/mo
- **Optimistic:** £1,484/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £399/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, The Quadrangle, M1 | £1,200/mo | 1 | 0.27 miles | OpenRent |

**Average rent: £1,200/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.86% (okay)
- **Max investor price (0.8%):** £150,000
- **Target investor price (1%):** £120,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,200/mo).*

- **Gross yield:** 10.3%
- **Cost-to-rent:** 9.7×
- **Monthly cashflow:** £504/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 14.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £3,684/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -10.4%
- **10y growth:** 23.8%

## House Price Index (HM Land Registry)

*Official index for Manchester; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -1.4%
- **5y growth (index):** 9.1%
- **10y growth (index):** 58.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)